Why is RIR Power Electr falling/rising?

As of 08-Jul, RIR Power Electronics Ltd is experiencing a decline in its stock price, currently at 2,730.45, reflecting a decrease of 13.75 points or 0.5%. Today's performance indicates that the stock has underperformed its sector by 0.74%. Despite being higher than the 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average. The stock has shown a mixed performance over different periods, with a 1-week return of 1.72% but a 1-month decline of 4.99%. Positive aspects include a low debt-to-equity ratio and consistent positive results over the last five quarters, including a notable increase in net sales and profit before tax. However, the stock's high valuation, as indicated by a price-to-book ratio of 22.8 and a PEG ratio of 239.2, raises concerns about its affordability, which may contribute to the recent price decline.
In the broader market context, the stock's short-term performance of 1.72% over the past week contrasts with the Sensex, which has remained relatively flat with a 0.02% increase. Year-to-date, RIR Power has underperformed the benchmark, with a decline of 5.05% compared to the Sensex's gain of 7.13%. The lack of investment from domestic mutual funds, holding 0% of the company, may indicate a lack of confidence in the stock's current price or business prospects, further impacting its market performance. Overall, while the company has shown strong historical returns, the current valuation concerns and underperformance relative to the benchmark may be influencing the stock's recent downward movement.